Market Update

Gold prices stabilized today, Wednesday, below the important level of 1,800 dollars, as the rise of the dollar led to an increase in the cost of gold to holders of other currencies, while investors awaited indications from the major central banks regarding measures to reduce stimulus. And gold settled in …

European stocks fell, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus. The European Stoxx 600 index fell by 1% and is on track to record its largest daily drop in three weeks, …

On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom. The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since …

The Bank of Canada (BoC) is widely expected to keep its QE program and the policy rate of 0.25% unchanged following the September meeting on Wednesday 8 at 14:00 GMT NBF “The central bank’s monetary policy meeting should be a quiet affair, with no substantive policy changes expected and no …

Markets await the Bank of Canada’s rate decision today, Wednesday, with market expectations that the central bank will remain unchanged and maintain rates at current low levels. However, restrictions are limiting the Bank of Canada’s movements, the first of which is the delta mutant of the Coronavirus and the rapid …

Stephen Curry, star of the National Basketball Association (NBA) league, who plays for the San Francisco, California-based Golden State Warriors, recently attracted the attention of crypto enthusiasts after asking for advice. “Just getting started in the crypto game…y’all got any advice??” Curry tweeted on Tuesday. Afterward, Curry retweeted an announcement …

The British Pound (GBP) extended its losses against the rising U.S. Dollar (USD) for the second consecutive session. The GBP/USD pair lost 0.38% to reach 1.3785, logging its largest single-day decline since August 26. Markets are closely anticipating the upcoming policy meeting for the Bank of England (BoE) later this …

The U.S. Dollar rose on Tuesday against the Japanese Yen (JPY), for the second day in a row, with investors adjusting their positions ahead of a global slew of major economic data and monetary policy decisions. The USD/JPY pair rose 0.40% to 110.28, accordingly the pair managed to maintain the …

The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …

Cryptocurrencies managed to reduce their losses on Tuesday, after sharp declines earlier in the session. Bitcoin, the world’s largest crypto and digital currency in terms of market capitalization, is currently down by about 10.8% at $46,642, after plunging earlier today below $43,000. Bitcoin recently stagnated and couldn’t strongly break above …